Can I retire at age 57 with 786,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$64,907$64,329$63,765$63,214$62,677$60,841
2 years$32,132$31,534$30,954$30,392$29,846$28,012
3 years$21,209$20,608$20,029$19,472$18,936$17,160
4 years$15,748$15,149$14,576$14,029$13,505$11,801
5 years$12,472$11,877$11,312$10,775$10,266$8,640
6 years$10,289$9,698$9,142$8,617$8,123$6,575
7 years$8,731$8,145$7,597$7,085$6,606$5,136
8 years$7,562$6,981$6,443$5,943$5,481$4,088
9 years$6,654$6,079$5,549$5,062$4,616$3,299
10 years$5,928$5,358$4,838$4,364$3,933$2,690
11 years$5,334$4,770$4,259$3,798$3,382$2,212
12 years$4,839$4,281$3,780$3,331$2,931$1,831
13 years$4,421$3,869$3,377$2,941$2,556$1,523
14 years$4,063$3,517$3,034$2,611$2,240$1,272
15 years$3,753$3,213$2,740$2,328$1,973$1,066
16 years$3,482$2,948$2,484$2,085$1,743$897
17 years$3,243$2,715$2,260$1,873$1,546$755
18 years$3,031$2,508$2,063$1,688$1,375$638
19 years$2,842$2,325$1,889$1,525$1,225$539
20 years$2,671$2,160$1,733$1,381$1,094$457
21 years$2,517$2,012$1,594$1,254$979$387
22 years$2,378$1,878$1,469$1,140$878$329
23 years$2,250$1,757$1,357$1,038$788$279
24 years$2,134$1,646$1,255$947$708$237
25 years$2,026$1,545$1,162$865$637$202
26 years$1,928$1,452$1,078$791$574$172
27 years$1,836$1,366$1,001$724$518$146
28 years$1,752$1,287$930$663$467$124
29 years$1,673$1,215$866$608$422$106
30 years$1,600$1,147$807$558$381$90
31 years$1,532$1,084$752$512$344$77
32 years$1,468$1,026$702$471$312$66
33 years$1,408$972$655$433$282$56
34 years$1,351$921$612$399$255$48
35 years$1,298$873$572$367$231$41
36 years$1,248$829$535$338$210$35
37 years$1,201$787$501$311$190$30
38 years$1,157$748$469$287$172$25
39 years$1,115$712$440$265$156$22
40 years$1,075$677$412$244$142$18
41 years$1,037$644$386$225$128$16
42 years$1,001$614$362$208$117$13
43 years$966$585$340$192$106$11
44 years$934$557$319$177$96$10
45 years$903$532$300$164$87$8
46 years$873$507$282$151$79$7
47 years$845$484$264$140$72$6
48 years$818$462$249$129$65$5
49 years$792$441$234$119$59$4
50 years$767$421$220$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $786,000, adding $5,680 every year, while hoping to spend $55,653 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/32/5 Blend
56$786,000$786,000$786,000$786,000
57$872,031$830,373$818,190$925,958
58$901,764$811,847$786,385$944,048
59$932,664$790,548$751,649$956,709
60$964,792$766,281$713,826$969,071
61$998,213$738,840$672,751$981,102
62$1,032,995$708,008$628,253$992,767
63$1,069,214$673,554$580,152$1,004,033
64$1,106,948$635,233$528,262$1,014,864
65$1,146,285$592,787$472,387$1,025,222
66$1,187,317$545,945$412,323$1,035,070
67$1,230,143$494,416$347,855$1,044,369
68$1,274,872$437,897$278,763$1,053,081
69$1,321,620$376,064$204,812$1,061,166
70$1,370,512$308,579$125,761$1,068,586
71$1,421,686$235,080$41,355$1,075,301
72$1,475,287$155,188$0$1,081,272
73$1,531,476$68,503$0$1,089,061
74$1,590,427$0$0$1,098,555
75$1,652,326$0$0$1,116,471
76$1,717,380$0$0$1,160,669
77$1,785,809$0$0$1,207,180
78$1,857,855$0$0$1,256,170
79$1,933,782$0$0$1,307,823
80$2,013,875$0$0$1,362,335
81$2,098,448$0$0$1,419,922
82$2,187,841$0$0$1,480,820
83$2,282,425$0$0$1,545,286
84$2,382,607$0$0$1,613,600
85$2,488,830$0$0$1,686,069
86$2,601,578$0$0$1,763,028
87$2,721,381$0$0$1,844,843
88$2,848,819$0$0$1,931,917
89$2,984,527$0$0$2,024,687
90$3,129,198$0$0$2,123,635
91$3,283,593$0$0$2,229,287
92$3,448,547$0$0$2,342,220
93$3,624,971$0$0$2,463,068
94$3,813,867$0$0$2,592,522
95$4,016,335$0$0$2,731,346
96$4,233,578$0$0$2,880,372
97$4,466,918$0$0$3,040,518
98$4,717,806$0$0$3,212,788
99$4,987,836$0$0$3,398,287
100$5,278,757$0$0$3,598,228